Just about every summer, the Congressional Budget Office (CBO) updates its forecast for the economy and its projections for taxes, spending, the deficit, and the debt for next ten years.
Douglas Holtz-Eakin on Fox Business News Discussing New CBO Report (August 27, 2014)
Based on the American Action Forum’s (AAF) analysis of all final rules issued in FY 2013 that quantified costs (310) and benefits (18), annualized costs were $7.2 billion.
A key piece of economic news was yesterday’s Case-Shiller Home Price Indices which showed a nationwide deceleration in the rate of home price appreciation. The national average is now rising at a rate of 6.2 percent over the past 12 months. The release generated some hand-wringing about the possibility that the housing recovery might stall, something that has clearly happened in Phoenix and other metropolitan areas.
Much has been said about the Comcast-Time Warner Cable (TWC) transaction, but not enough time or column inches have focused on the real market of interest, the innovative broadband ecosystem.
The Comcast-Time Warner Cable (TWC) deal will strike the tenor for technology mergers in the coming years, so it is important the regulators understand its impact on consumers and the competitive environment. Technology policy’s fundamental question again takes center: should we regulate beforehand, deterring all potential positive benefits, or regulate when there is actual consumer harm? All combined, the deal is clearly in the public interest and should be allowed.
As the end of August recess quickly approaches, all eyes turn to the loaded September agenda. Included on the to-do list is the reauthorization of America’s official export credit agency (ECA), the Export-Import Bank. This year its renewal has attracted outsized political attention in comparison to the limited, albeit important, role the agency plays in helping American companies export their goods and services.
This week regulators published $164.7 million in total regulatory costs; there were $45 million in annualized burdens, compared to $32 million in benefits, and 191,000 paperwork hours. An oil pollution proposal and a poultry inspection final rule led the week.
For the past couple of weeks, and for the next few, the nation’s children will return to classrooms eager and ready to learn. The National Retail Federation projects that more than $26.5 billion in back-to-school dollars will be spent- record breaking numbers. But for the over 50 million elementary and secondary public school students the headline reads glossy for some and gloomy for others.
The story of slow health care spending growth is best told as a series of vignettes, one of which features prescription drug innovation.